Protocol Overview

A DeFi 2.0 metagovernance Black Hole.

Convergence is an agnostic Convex-like layer that will be deployed on top of various DeFi protocols, starting with Stake DAO, and Convex Finance.

To accumulate governance rights over these protocols while optimizing their underlying yield, Convergence mixes various mechanisms (gauges, staked assets tokenization, and bonding) from 3 different protocols: Curve, Convex, and OlympusDAO.

As Convergence's purpose is to act as a governance black hole as well as a liquidity-providing incentivizer, the aggregation strategy will be focused on liquidity protocols first.

Curve, Convex, OlympusDAO, and Stake DAO's whitepapers

A governance token (CVG) is implemented to ensure the functioning of the protocol. Moreover, yields generated by Convergence, either by internal or external growth, are redistributed to stakeholders (governance participants) as dividends, thanks to a novel revenue distribution mechanism (called the Govearn mechanism).